ASAHI INDIA Announces Quarterly Results (3QFY20); Net Profit Down 44.8%

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ASAHI INDIA Announces Quarterly Results (3QFY20); Net Profit Down 44.8%
Fri, 14 Feb

ASAHI INDIA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ASAHI INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,8176,4586,8496.1%0.5%
Other incomeRs m454134-16.8%-24.9%
TurnoverRs m6,8626,4996,8835.9%0.3%
ExpensesRs m5,4095,3755,6966.0%5.3%
Gross profitRs m1,4021,0831,1183.2%-20.2%
DepreciationRs m3053373431.7%12.4%
InterestRs m351379369-2.7%5.1%
Profit before taxRs m7924094418.0%-44.3%
TaxRs m270154153-0.7%-43.4%
Profit after taxRs m52225528813.2%-44.8%
Gross profit margin%20.616.816.3
Effective tax rate%34.137.734.7
Net profit margin%7.63.94.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 0.5% on a year-on-year (YoY) basis. The expenses were up by 5.3% YoY during the same period.
  • The company's operating profit declined by 20.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 3QFY20 as against 20.6% in 3QFY19.
  • Depreciation charges increased by 12.4% and finance costs increased by 5.1% YoY, respectively.
  • Other income declined by 24.9% YoY during the quarter.
  • Net profit for the quarter declined by 44.8% YoY. Net profit margins during the quarter declined from 7.6% in 3QFY19 to 4.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.0% QoQ during the same period.
  • The company's operating profit increased by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 3QFY20 as against 16.8% in 2QFY19.
  • Net profit for the quarter increased by 13.2% QoQ, while net profit margins increased from 3.9% in 2QFY19 to 4.2% in 3QFY20.

To see how ASAHI INDIA has performed over the last eight quarters,please visit here.

REVEALED: How to Potentially Increase Your Monthly Income Without Working 24x7

ASAHI INDIA Share Price Performance

Over the last one year,ASAHI INDIA share price has moved down from Rs 255.5 to Rs 252.5, registering a Loss of Rs 3.0 or around 1.2%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 252.5, the price to earnings (P/E) ratio of ASAHI INDIA stands at 45.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.0 times.

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ASAHI INDIA 2018-19 Annual Report Analysis (Annual Result Update)

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ASAHI INDIA Announces Quarterly Results (1QFY20); Net Profit Down 19.4% (Quarterly Result Update)

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For the quarter ended June 2019, ASAHI INDIA has posted a net profit of Rs 367 m (down 19.4% YoY). Sales on the other hand came in at Rs 7 bn (down 4.0% YoY). Read on for a complete analysis of ASAHI INDIA's quarterly results.

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For the quarter ended March 2019, ASAHI INDIA has posted a net profit of Rs 433 m (down 20.3% YoY). Sales on the other hand came in at Rs 7 bn (down 2.2% YoY). Read on for a complete analysis of ASAHI INDIA's quarterly results.

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